Lamprell Plc Given Hold Rating at Liberum Capital (LAM)
Lamprell Plc (LON:LAM)‘s stock had its “hold” rating reiterated by investment analysts at Liberum Capital in a note issued to investors on Tuesday, Stock Ratings Network reports. They currently have a GBX 150 ($2.52) price objective on the stock. Liberum Capital’s price objective would suggest a potential downside of 1.96% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. upgraded shares of Lamprell Plc to a “buy” rating in a research note on Tuesday, April 22nd. They now have a GBX 200 ($3.36) price target on the stock, up previously from GBX 160 ($2.69). Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Lamprell Plc from GBX 175 ($2.94) to GBX 165 ($2.77) in a research note on Wednesday, April 16th. They now have an “overweight” rating on the stock. Finally, analysts at Investec cut their price target on shares of Lamprell Plc from GBX 155 ($2.60) to GBX 150 ($2.52) in a research note on Thursday, April 10th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Lamprell Plc presently has an average rating of “Hold” and a consensus price target of GBX 161.88 ($2.72).
Lamprell Plc (LON:LAM) traded up 6.25% on Tuesday, hitting GBX 153.00. 753,800 shares of the company’s stock traded hands. Lamprell Plc has a 52 week low of GBX 125.25 and a 52 week high of GBX 183.085. The stock’s 50-day moving average is GBX 139.9 and its 200-day moving average is GBX 145.1. The company’s market cap is £398.3 million.
Lamprell plc is a holding company. The Company is engaged in the provision of diversified engineering and contracting products and services to the onshore and offshore oil and gas and renewables industries.
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